Bitcoin Trader Sees Breakout Move 'Soon' With BTC Circling $77,000
Cointelegraph
Bitcoin holds steady near $77,000 as analysts anticipate an imminent 5% price breakout amid shifting market conditions.Summary
Bitcoin is currently trading near $77,000, with analysts predicting a significant 5% price movement in the near term. Market data indicates a tight trading range, prompting caution against shorting as bears face liquidations. Despite macro-economic headwinds, including rising oil prices and geopolitical tensions, traders remain optimistic, noting that the overall bullish market structure remains intact. Experts suggest that falling US bond yields could provide further momentum for risk-on assets like Bitcoin.
(Source：Cointelegraph)